Hi Everyone, I live in Fl and take advantage of the homestead tax exemption on my current house.

and there are foundation issues that will crop up and not if but when the soils there are expansive.. so those two things.. have to be taken into consideration.what happens as well is if you buy an owner occ... they could have very low tax's as they get the owner occ exemption.. then when it goes to rental the tax's sky rocket.. and poof there goes your cash flow you thought were going to get.Just like folks that live in Texas why would they buy in CA and subject them selves to CA income tax and the 800 a year franchise tax... when they pay none in Texas it all evens out.. plus they don't have the expense of travel there etc.there are better tax treatment states for buy and hold out there... and if your appreciation is marginal then cash flow is the only reason to buy them

I am unable to determine if we are exempt from paying, must pay back at the rate of $500 per year, or if we must pay the full amount back in one lump sum.

What happened is, the title company never bothered to check if the seller removed her Florida homestead exemption (which she did, earlier in the year).

The mobile home dealers association was in the process of attempting to get an exemption for dealers with respect to the SAFE Act, but I'm sure that will be up to the state as well as HUD, and I bet they are not exempted, just guessing, but I don't think they will get it.

Employees of a property owner are exempt from license requirements in most states, check on the state stautes regarding leasing agents.I just made a comment to your (OP) question concerning commercial, I suggest you stick with residential first.

Loans from family are exempt from the SAFE Act and other lending laws.

Even exempt homeowners financing one property have loan requirements to follow.

Nevermind actually finding a lot zoned for what you want to do, and the 6-12 months it could take for rezoning or exemptions you'll need otherwise. 

Property taxes at my rental are much lower than at the rehab property so I will save $$$ on taxes getting a homestead exemption and living in it.D.)